Bloomin Brands Inc (BLMN)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	265,947	293,023	286,102	159,243	144,611	139,146	100,592	257,924	241,939	154,956	123,548	-109,720	-239,441	-185,188	-144,187	14,084	138,146	116,810	108,977	100,338
Revenue (ttm)	US$ in thousands	4,679,310	4,580,330	4,556,330	4,529,720	4,426,460	4,378,390	4,333,920	4,286,530	4,131,506	3,894,401	3,652,333	3,150,732	3,162,916	3,372,591	3,568,503	4,011,874	4,139,784	4,130,714	4,128,191	4,138,071
Pretax margin		5.68%	6.40%	6.28%	3.52%	3.27%	3.18%	2.32%	6.02%	5.86%	3.98%	3.38%	-3.48%	-7.57%	-5.49%	-4.04%	0.35%	3.34%	2.83%	2.64%	2.42%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $265,947K ÷ $4,679,310K
= 5.68%

The pretax margin of Bloomin Brands Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the pretax margin was at 5.84%, which was a slight decrease compared to the previous quarter at 6.56%. However, Q4 2023 still had a higher pretax margin compared to the same quarter in the previous year at 3.44%.

During Q2 and Q3 2023, the pretax margin remained relatively stable at 6.44% and 6.56% respectively, showing consistent profitability. In contrast, there was a significant drop in pretax margin in Q2 2022 to 2.52%, which was the lowest point in the provided data.

Overall, the trend indicates that Bloomin Brands Inc has generally been able to maintain positive pretax margins, with some fluctuations observed over the quarters. The company’s ability to generate consistent earnings before taxes may be influenced by various factors such as revenue growth, cost management, and operating efficiency.